CBN, court approve Heritage, Enterprise Banks’ merger

CBN, court approve Heritage, Enterprise Banks’ merger

The Central Bank of Nigeria (CBN) has granted final approval for the merger of Heritage Bank and Enterprise Bank. Furthermore, the Federal High Court has sanctioned the scheme of merger and ordered the merger of both institutions.
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Economic growth slows down in 2nd quarter

Economic growth slows down in 2nd quarter

The impact of continued decline in the international oil price has dragged down growth indices in the Nigerian economy in the second quarter, 2015. According to a report by the National Bureau of Statistics, NBS, released yesterday, Gross Domestic Product, GDP, expanded 2.35 percent on an annual basis, compared with 3.96 percent a quarter earlier. Quarter on quarter, real GDP increased by 2.57 percent.

Egypt withdraws from 2015 African Games

Egypt withdraws from 2015 African Games

Egypt has withdrawn its men’s Under-23 team and women’s senior team from the 2015 African Games, which will be held from 6-18 September in Brazzaville. The rules state that the Organising Committee could replace a team with the opponent it eliminated. However, Senegal (Women) and Burundi (Men) decided not to take up a spot because of the short notice period. It means both the men’s and women’s competition will have one group of three teams and one group of four.

2050 Population Explosion: Is Nigeria ready for 397 million people

2050 Population Explosion: Is Nigeria ready for 397 million people

By 2050, Nigeria, currently the seventh most populous country in the world, will rise to the fourth spot with an estimated 397 million people, the Population Reference Bureau (PRB), a Washington-based organisation that informs people around the world about population, health, and the environment has said.

Ebosa, Makinde, Itihwe, Gbasin others make DESOPADEC board

Ebosa, Makinde, Itihwe, Gbasin others make DESOPADEC board

The nominees for appointment into the Governing Board of Delta State Oil Producing Areas Development Commission, DESOPADEC, forwarded to the state House of Assembly by Governor Ifeanyi Okowa have been confirmed by the state legislature.

Soldiers invade Edo court, release suspects

Soldiers invade Edo court, release suspects

There was a mild drama in the premises of Evbuoriaria Magistrate’s Court, Benin, yesterday, as soldiers stormed the court and freed four suspects brought for arraignment by officials of the Edo State War Against Indiscipline, WAI.

AAG: Awoniyi shuns Siasia’s U-23 for Liverpool

AAG: Awoniyi shuns Siasia’s U-23 for Liverpool

Nigerian U-23 striker, Taiwo Awoniyi will miss the All Africa Games. He has travelled out to Liverpool for medicals, prior to his signing for the English premier league club. Awoniyi, is part of coach Samson Siasia plans for the Games, which begin on September 4. But according to the team’s spokesman, Timi Ebikaboro the former Golden Eaglets and Flying Eagles star has not been with the team, training in Port Harcourt.

3 petrol station managers, 8 others arrested over pipeline vandalism

3 petrol station managers, 8 others arrested over pipeline vandalism

In its effort to curb the activities of pipeline vandals operating at Ikorodu in Lagos State, men of the Inspector General of Police Special Task Force on Pipeline Vandalism have arrested 11 suspected vandals, including managers of three petrol stations in the area.

RIVERS POLL: APC can’t scan ballot papers, Wike tells court

RIVERS POLL: APC can’t scan ballot papers, Wike tells court

Governor Nyesom Wike of Rivers State, yesterday, challenged the legality of allowing the governorship candidate of the All Progressives Congress Party, APC, in the state, Dr. Dakuku Peterside, to scan or photocopy the ballot papers used for the conduct of the April 11 governorship poll in the state.

Benue election tribunal hears Tarzoor petition, Sept 7

Benue election tribunal hears Tarzoor petition, Sept 7

With the Benue State Election Petition Tribunal sitting in Makurdi, resuming sitting on September 7, 2015, it has becomes important to examine the critical issues and facts before the tribunal, which must be resolved before the people of Benue State know their authentic elected governor.

Ooni succession: Ife chiefs seek divine intervention

Ooni succession: Ife chiefs seek divine intervention

Ile-Ife—COUNCIL of chiefs in Ile-Ife have sought divine intervention in the choice of the next monarch in the ancient town after the death of Ooni of Ife, Oba Okunade Sijuwade. The chiefs led by Obalufe, Oba S. Omisakin and Lowa of Ile-Ife, High Chief, J. O Ijaodola yesterday prayed that God will crown another monarch of late Oba Okunade Sijuwade’s pedigree.

UAE bizmen plan $10bn investment in Lagos

UAE bizmen plan $10bn investment in Lagos

A team of investors from the United Arab Emirates, UAE, has disclosed plans to invest as much as $10 billion in the state economy soon.
The UAE team, led by Professor Pat Utomi, stated this during a courtesy visit to Lagos State governor, Mr. Akinwunmi Ambode at the state House, Alausa, Ikeja.